OREANDA-NEWS. April 29, 2011. This February registration of real estate increased by 11.3% or by 809 real property facilities against January of the year.

The State Committee for Property Affairs of Azerbaijan says that in February the country registered 7,965 property rights, including 2,696 facilities that passed initial and 5,265 ones secondary registration. During this period it was also registered 1,592 facilities of mortgage lending.

For Jan-Feb 2011 the country registered more than 15,121 objects of immovable property, of which 42.6% or 6,500 objects fell on the share of Baku, including 4,889 objects that passed primary and 10,232 ones secondary registration. It was also registered 2,620 sites under mortgage lending.